Aleyda Maryinee

Update on Aleyda Maryinee

Aleyda sells second-hand clothing, as well as cosmetics and toys. Fifty percent of her sales are in response to customer orders, and she makes the other sales as a mobile vendor or from her home. She has the support of her husband, who is a taxi driver with his own vehicle. Her children have finished school.

Now, with the loan she will invest in buying clothing by the pack and sandals, so she can continue to offer variety in her sales. It will be a great satisfaction to her to be able to contribute to supporting the personal expenses of her three children, as well as covering basic expenses such as water and electricity. All of this is thanks to the growth in her sales, and thanks to the institution for giving her this opportunity through the loans.

Previous Loan Details

Aleyda works as a merchant and is married, with children. Ten years ago, using the few savings she had, she began her business of selling second-hand clothing and cosmetics. Since then she has wanted to invest more capital and is requesting a loan to buy more merchandise. This will allow her to…
More from Aleyda Maryinee's previous loan »

Additional Information

About AFODENIC

This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.